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Sec. 2. That if any artisan or laborer so employed shall die during the said year by reason of such injury received in the course of such employment, leaving a widow, or a child or children under sixteen years of age, or a dependent parent, such widow and child or children and dependent parent shall be entitled to receive, in such pro tions and under such regulations as the Secretary of Commerce and Labor inay prescribe, the same amount for the remainder of the said year that said artisan or laborer would be entitled to receive as pay if such employee were alive and continue to be employed: Provided, That if the widow shall die at any time during the said year her portion of said amount shall be added to the aniount to be paid to the remaining beneficiaries under the provisions of this section, if there be any.

Sec. 3. That whenever an accident occurs to any employee embraced within the terms of the first section of this act, and which results in death or a prol al.le incapacity for work, it shall be the duty of the official superior of such employee to at once report such accident and the injury resulting therefrom to the head of his bureau or independent office, and his report shall be immediately communicate through regular official channels to the Secretary of Commerce and Labor. Such report shall state, first, the time, cause, and nature of the accident and injury and the probable duration of the injury resulting therefrom; second, whether the aaident arose out of or in the course of the injured person's employment; third, whether the accident was due to negligence or misconduct on the part of the employee injured; fourth, any other matters required by such rules and regulations as the Secretary of Commerce and Labor may prescribe. The head of each Department or independent office shall have power, however, to charge a special official with the duty of making such reports.

SEC. 4. That in the case of any accident which shall result in death, the persons entitled to compensation under this act or their legal representatives shall, within ninety days after such death, file with the Secretary of Commerce and Labor an affidavit setting forth their relationship to the deceased and the ground of their claim for compensation under the provisions of this act. This shall be accomaniei by the certificate of the attending physician setting forth the fact and cause of death, or the nonproduction of the certificate shall be satisfactorily accounted for. In the case of incapacity for work lasting more than fifteen days, the injured party desiring to take the benefit of this act shall, within a reasonable period after the expiration of such time, file with his official superior, to be forwarded through regular official channels to the Secretary of Commerce and Labor, an affidavit setting forth the grounds of his claim for compensation, to be accompanied by a certiticate of the attending physician as to the cause and nature of the injury and probable duration of the incapacity, or the nonproduction of the certificate shall be satisfactory accounted for. If the Secretary of Commerce and Labor shall find from the report and affidavit or other evidence produced by the claimant or his or her legal repres sentatives, or from such additional investigation as the Secretary of Commerce and Labor may direct, that a claim for compensation is established under this act, the compensation to be paid shall be determined as provided under this act and apprived for payment by the Secretary of Commerce and Labor.

Sec. 5. That the employee shall, whenever and as often as required by the Secre tary of Commerce and Labor, at least once in six months, submit to medical examination, to be provided and paid for under the direction of the Secretary, and if such employee refuses to submit to or obstructs such examination his or her right to compensation shall be lost for the period covered by the continuance of such refusal or obstruction.

SWC. 6. That payments under this act are only to be made to the beneficiaries or their legal representatives other than assignees, and shall not be subject to the claims of creditors.

Sec. 7. That the United States shall not exempt itself from liability under this art by any contract, agreement, rule, or regulation, and any such contract, agrethelit, rule, or regulation shall be pro tanto void.

SEC. 8. That all acts or parts of acts in conflict herewith or providing a different scale of compensation or otherwise regulating its payment are hereby repealed.

Approved, May 30, 1908.

1st Session.

No. 149.

REPEAL OF SECTIONS 17, 18, AND 19 OF THE ACT CREATING THE

NATIONAL MONETARY COMMISSION, APPROVED MAY 30, 1908.

AUGUST 18, 1911.-Referred to the House Calendar and ordered to be printed.

Mr. Pujo, from the Committee on Banking and Currency, submitted

the following

REPORT.

[To accompany S. 854.]

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The Committee on Banking and Currency, to whom was referred the bill (S. 854) entitled “ An act to require the National Monetary Commission to make final report on or before January eighth, nineteen hundred and twelve, and to repeal sections seventeen, eighteen, and nineteen of the act entitled An act to amend the national banking laws,' approved May thirtieth, nineteen hundred and eight, the repeal to take effect January eighth, nineteen hundred and twelve," having had the same under consideration report thereon with certain amendments hereinafter incorporated, and as so amended, recommend that the bill do pass.

Section 1, page 1, line 7, amend by inserting after the letter “a” the words “ full and comprehensive” and after the word “report the words “ on all subjects referred to it under the provisions of the a foresaid act."

Section 2, page 2, line 4, amend by striking out the words “eighth day of January” and substituting in lieu thereof the words “ thirtyfirst day of March."

Section 4, page 3, line 9, after the word “ act,” amend by adding Provided, That voluntary assistance, without compensation, may be accepted by the commission from present employees or from others whose assistance may be desired by the commission.'

The National Monetary Commission was created by an act to amend the national banking laws, approved May 30, 1908, known as the emergency currency act (public law No. 169).

It was composed of 9 Members of the Senate and 9 Members of the House, to be appointed by the respective presiding officers thereof; vacancies in the commission were to be filled in the same manner.

The commission was required under the act "to inquire into and report to Congress, at the earliest date practicable, what changes are necessary or desirable in the monetary system of the United States or in the laws relating to banking and currency.” The com

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mission after its appointment organized and commenced the work for which it was created. It had proceeded but a short while into the examination and investigation of the subject when it was ascertained that there was no complete financial library or books of reference in this country accessible to the commission, and it was considered avisable to collect a library and assemble such data as inight be of assistance to the commission in the performance of its duties. This work could not be accomplished in a short while, and the commission could not intelligently discuss and consider the subject matter of its creation without information as to the monetary and currency history of this and other countries.

Under the direction of the commission eminent authorities in this and other countries were engaged to investigate and report on special branches of the subject of the monetary and banking and curreney systems of various countries. In the judgment of many, the United States, through the agency of the National Monetary Commission, is now in possession of a library second to none in its value and completeness.

For the information of the House, a letter from the Secretary of the Treasury, of date May 8, 1911, containing a statement of the espenditures by the commission from June 5, 1908, to March 31, 1911, is printed as a part of this report.

The law creating the National Monetary Commission made no provision for the payment of salaries to those constituting that body, as the members were to be selected from the Senate and House, but Public No. 327, H. R. 28376, Sixtieth Congress, second session, entitled “ An act making appropriations to supply the deficiencies in the appropriations for the fiscal year ending June thirtieth, nineteen hundred and nine, and for prior years, and for other purposes. approved March 4, 1909, among other things, provided that said Monetary Commission are authorized to pay to such of its members as are not at the time in the public service and receiving a salary from the Government, a salary equal to that which said members would be entitled if they were members of the Senate or the House of Representatives."**

The effect of this legislation has been to subject the Treasury to expense, as the statement of expenditures, above incorporated, shows that, at the time of its filing, March 31, 1911, there had been paid out to members of the commission $13,750.50. There are now eight members of the commission who are not Members of Congress, and should the commission remain in existence for any length of time it would cost the Government for their salaries alone $60.000 a year.

Senate bill 854, which has received the approval of the House Committee on Banking and Currency, with certain amendments, provides:

First. That the commission shall file a full and comprehensive report on or before the 8th day of January, 1912.

Second. That the law authorizing the payment of salaries to perşons now members of the commission shall be repealed.

Third. That anyone in the service of the commission who enjoys a salary or emolument from the Federal Government shall not be entitled to compensation from the commission.

Fourth. That the commission shall have a legal existence under

The reasons for retaining the commission as a legal entity until the 31st of March, 1912, are: That there may be other matters within their jurisdiction which Congress might desire to refer for further investigation and report, and, again, in the judgment of Congress, certain phases of the subject committed to it for action might not have been fully dealt with, thus requiring further consideration on the part of the commission.

As the salaries of the members of the commission and all others now in the service of the Government drawing salaries from the commission will terminate absolutely upon the passage of this act, it is believed to be in the public interest that the commission should have juridical life until March 31, 1912.

As amended, the bill reads as follows: AN ACT To require the National Monetary Commission to make final report on or before January eighth, nineteen hundred and twelve, and to repeal sections seventeen, eighteen, and nineteen of the act entitled "An act to amend the national banking laws," approved May thirtieth, nineteen hundred and eight, the repeal to take effect January eighth, nineteen hundred and twelve.

Be it ena ted by the Senate and House of Representatives of the United States of America in Congress assembled, That the National Monetary Commission, authorized by sections seventeen, eighteen, and nineteen of an act entitled "An act to amend the national banking laws," approved May thirtieth, nineteen hundred and eight, is hereby directed to make and file a full and comprehensive report on all subjects referred to it under the provisions of the aforesaid act on or before the eighth day of January, nineteen hundred and twelve.

Sec. 2. That sections seventeen, eighteen, and nineteen of an act entitled “An act to amend the national banking laws,'' approved May thirtieth, nineteen hundred and eight, be, and the same are hereby, repealed; the provisions of this section to take effect and be in force on and after the thirty-first day of March, nineteen hundred and twelve, unless otherwise provided by act of Congress.

Sec. 3. That the first paragraph under the subject "Legislative," on page twentyeight of an act (Public, Numbered Three hundred and twenty-seven, H. R. 28376, Sixtieth Congress, second session), entitled “An act making appropriations to supply deficiencies in the appropriations for the fiscal year ending June thirtieth, nineteen hundred and nine, and for prior years, and for other purposes," approved March fourth, nineteen hundred and nine, reading as follows: "That the members of the National Monetary Commission, who were appointed on the thirtieth day of May, nineteen hundred and eight, under the provisions of section seventeen of the act entitled 'An act to amend the national banking laws,' approved May thirtieth, nineteen hundred and eight, shall continue to constitute the National Monetary Commission until the final report of said commission shall be made to Congress; and said National Monetary Commission are authorized to pay to such of its members as are not at the time in the public service and receiving a salary from the Government, a salary equal to that to which said members would be entitled if they were members of the Senate or House of Representatives. All acts or parts of acts inconsistent with this provision are hereby repealed,” be, and the same is hereby, repealed.

SEC. 4. That no one receiving a salary or emoluments from the Government of the United States, in any capacity, shall receive any salary or emolument as a member or employee of said commission from the date of the passage of this act: Provided, That rolunuiry assistance, without compensation, may be accepted by the commission from present employees or from others whose assistance may be desired by ihe commission.

The committee unanimously recommend the passage of the bill as amended.

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[House Document No. 56, 62d Congress, 1st session.)

L E T T E R

FROM

THE SECRETARY OF THE TREASURY,

TRANSMITTING,

IN RESPONSE TO HOUSE RESOLUTION OF MAY 8, 1911, STATEMENT

OF EXPENDITURES ON ACCOUNT OF THE NATIONAL MONETARY COMMISSION FROM JUNE 5, 1908, TO MARCH 31, 1911.

May 16, 1911.-Referred to the Committee on Expenditures in the Treasury Depart

ment and ordered to be printed.

TREASURY DEPARTMENT,
OFFICE OF THE SECRETARY,

Washington, May 12, 1911. The SPEAKER OF THE HOUSE OF REPRESENTATIVES.

Sir: By direction of the President, and in reply to the resolution of the House of Representatives of May 8, 1911, calling for a detailed statement showing the moneys paid out on account of the National Monetary Commission created by act of Congress of May 30, 1918, I have the honor to transmit herewith a statement of the expenditures of the commission from June 5, 1908, to March 31, 1911, prepared from accounts rendered to and filed in this department. Respectfully,

FRANKLIN MACVEAGH,

Secretary.

Statement of expenditures on account of the National Monetary Commission, from June 5.

1908 10 Mar. 31, 1911, as shown by the accounts of R. B. Nixon, distursing clerk of the commission.

PREPARATION OF MONOGRAPHS.

Interviews on the Banking and Currency Systems of England,

France, Germany, Switzerland, and Italy (541 pages). S. Doc.
105. Price, 55 cents:

Clerical assistance..
Translation
Travel...

$230. 37

48.75 2,094. 70

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